January 2025 Market Update

December uptick in Vancouver-area home sales caps

'pivot year' for market: real estate board

Vancouver-area home sales in December rose 31.2 per cent compared to the same month in 2023, capping a "pivot year" for the market where the number of homes that changed hands ticked higher.

Greater Vancouver Realtors says the 1,765 home sales last month were still 14.9 per cent below the 10-year seasonal average for December.

It says there were 1,676 newly listed properties, up 26.3 per cent from December 2023.

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B.C. Real Estate News

LOWER MAINLAND

B.C.'s house-flipping tax goes into effect on Jan. 1, 2025 (MSN)

Over 41,000 homes sold in the Lower Mainland in 2024 amid slump (DailyHive)

Assessments show B.C. home values hold 'flat,' but falling interest rates could change that (Global News)

North Shore property assessments barely budged in 2024 (North Shore News)

Little change to property assessments in Maple Ridge, Pitt Meadows (Maple Ridge News)

VICTORIA AND VANCOUVER ISLAND

Here's how much your Vancouver Island home is worth this year: BC Assessment (Victoria Buzz)

Vancouver Island property values show minimal change for 2025, report (Peninsula News Review)

OKANAGAN

Kootenay property values predicted to rise in 2025 (My Nelson Now)

Home values generally flat in Thompson-Okanagan (Castanet)

Okanagan property assessments reflect flat market values for homeowners (Salmon Arm Observer)

BRITISH COLUMBIA

Real estate analysts say Vancouver trends point toward increasingly active 2025 (Vancouver Island Free Daily)

Tax cuts and tax increases. Here's what's set to change in B.C. in 2025 (CBC)

B.C. property values have stabilized - here are some of the reasons why (Vancouver Sun)

B.C. homeowners can now check their 2025 property assessments (Global News)

CANADA

If you're looking to buy or sell in 2025, here's what you need to know (CBC)